Tag: Prices
Lessons in price discovery
Monty Python on the art of haggling Thanks to the folks at the Nudge blog for the pointer.
Are drug prices really soaring?
Congress is up in arms about soaring drug prices. A study by the Government Accountability Office finds that the price of brand-name prescription drugs soared at an annual rate of 8.3% from 2006 through the first quarter of 2010. That’s … Continue reading
The price of Clapton’s magic
A couple of days ago I mused about our desire for unique objects. I pointed to research suggesting that our motivations aren’t merely market driven. It’s not just about rationally assessing the object’s resale value. A story in today’s New … Continue reading
What would you pay Travis Broyles?
For $1,000, he’s offered to build a full-size cardboard car and make “vroom-vroom” sounds while the owner drives it. For $100,000, he’ll yell your name every time he wakes up for the rest of his life. He will “tell your … Continue reading
What people will do for $5
Would you pay $5 for someone to call your friend and sing any Disney song? How about $5 for a vector Apple iPod style silhouette of yourself? A full list is here. Thanks to Tim Harford for the pointer.
The price of John Lennon’s ghost
How much would you pay for basking in the aura of John Lennon’s former presence? On February 5, the British auction firm Bonhams will auction John Lennon’s first car, a blue 1965 Ferrari 330 GT 2+2 Coupe, which he bought … Continue reading
The power of cigarette prices
Americans are familiar with the deployment of tobacco taxes to curb smoking. Smoking among teens has declined consistently over the last 20 years, in part thanks to hefty taxes on cigarettes. When I was a smoker back in the 1990s … Continue reading



